The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.
Read More »Rents in Western Metros Cooling Faster Than Other Regions
The median rent in the West remains 3% lower than a year ago and is projected to decline further, while rents in Midwest markets continue to see faster growth due to greater affordability, according to Realtor.com's May 2023 Rental Report.
Read More »Potential Home Savings Driving More Californians to Texas
An estimated 300 people a day moved from California to Texas in 2021, and the popular migration route is becoming even more crowded, according to a new analysis from StorageCafe.
Read More »HUD Establishes Independent Office of Manufactured Housing
HUD’s new office will administer the Department’s Manufactured Home Construction and Safety Standards, a code that establishes standards for the design and construction of manufactured homes to assure quality, durability, safety, and affordability.
Read More »Forecast Update: Home Prices Now Expected to Decline Slightly
Realtor.com has updated their forecast for the year, now saying mortgage rates could drop to 6% by the year’s end, but inventory woes are not likely to improve and could drop to numbers last seen in 2012.
Read More »Mid-June Thunderstorms Bring $8.7B in Property Damage Nationwide
CoreLogic estimates recent thunderstorm activity brought strong straight-line winds and tornadoes, causing substantial damage to property across the U.S., with areas reporting wind speeds in excess of 100 miles per hour and hail greater than four inches in diameter.
Read More »Fannie Mae Executes CIRT Transactions on $26.6B of Single-Family Loans
"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.
Read More »‘Hot’ Spring Homebuying Season Doesn’t Live Up to Expectations
Spring is typically a busy homebuying season, but new listings of homes for sale are down 24% from a year ago, according to a new report from Redfin. The total number of homes for sale is also down nearly 10%, representing the biggest drop in over a year.
Read More »Flippers Accounted for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.
Read More »May’s Existing-Home Sales Post Minor Gains
NAR reports that existing-home sales recorded a slight gain of 0.2% to a seasonally adjusted annual rate of 4.3 million units.
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